Pyrum Innovations AG carries out a cash capital increase from authorised capital with exclusion of subscription rights

Dillingen/​Saar, 22 October 2024 – The management board of Pyrum Innovations AG (ISIN DE000A2G8ZX8, WKN A2G8ZX) today with the approval of the company’s supervisory board determined the volume of the capital increase against cash contributions resolved on 21 October 2024 excluding shareholders’ subscription rights. The volume amounts to 363,637 new shares. The share capital of the company will be increased from EUR 3,253,735.00 divided into 3,253,735 no-​par value registered shares with a nominal share of the share capital of EUR 1.00 per share by partially utilising the Authorised Capital 2024 by issuing 363,637 no-​par value registered shares by EUR 363,637.00 to EUR 3,617,372.00. The new shares carry full dividend rights from 1 January 2024.

The new shares were subscribed as part of a private placement without a prospectus obligation and placed with institutional investors at a placement price of EUR 27.50 per new share.

The new shares are to be included into trading on the open market of the Frankfurt Stock Exchange in the Scale segment and into trading on the Oslo Stock Exchange (Euronext Growth). Inclusion will take place immediately after the capital increase. The gross issue proceeds from the capital increase will amount to approximately EUR 10,000,017.50. Pyrum Innovations AG plans to use these proceeds for the development of the new site in Perl-​Besch, for participation in joint ventures for new plants of the Pyrum Innovations AG as well as for general corporate purposes.

Additional information required for Norway:

The management and supervisory board have considered the structure of the capital increase in light of applicable equal treatment obligations. As the capital increase results in a limited dilution, enables the company to raise equity efficiently and in a timely manner at a relatively low discount to current trading price, it is concluded that the transaction structure is in the common interest of the company and its shareholders.

Contact us

IR.on AG
Frederic Hilke
Tel: +49 221 9140 970
E‑mail: pyrum(at)ir-on.com

Pyrum Innovations AG
Dieselstrasse 8
66763 Dillingen
E‑mail: presse(at)pyrum.net
https://​www​.pyrum​.net
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About Pyrum Innovations AG

Pyrum Innovations AG is active in the attractive recycling market for used tyres and various plastics with its patented thermolysis technology. Pyrum’s thermolysis process is largely energy self-​sufficient and, according to the Fraunhofer Institute, saves significantly more CO2 emissions than today’s standard recycling processes for used tyres – especially compared to incineration in cement plants – and produces new raw materials such as thermolysis oil, gas and recycled carbon black (rCB) from the waste used as input materials. In this way, Pyrum closes the material cycle and pursues a 100% sustainable business model. As a pioneer, Pyrum Innovations AG was the first company in the field of used tyre recycling to receive REACH registration from the European Chemicals Agency (ECHA) for the thermolysis oil it produces back in 2018. This means that the oil is recognised as an official raw material that can be used in production processes. In addition, Pyrum has received ISCC PLUS certification for the thermolysis oil and the rCB. Both products are therefore recognised as sustainable and renewable raw materials. Pyrum has also received ISO 14001 certification for its environmental management system and ISO 9001 certification for its quality management system. These successes have also been recognised by international experts in the tyre industry. For example, Pyrum was honoured at the first Recircle Awards in the category Best Tyre Recycling Innovation and has been a finalist for the German SME award three times in a row.